Dow opens more than 200 points lower as bank stocks plummet ...Egypt

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Dow opens more than 200 points lower as bank stocks plummet
US stocks opened lower Monday as traders digested the plan by federal banking regulators to make the depositors in the failed Silicon Valley Bank whole and provide additional funding for other banks. Stock futures popped on Sunday after the deal was announced, but quickly fell on Monday as fear rippled through markets that the government may not have done enough to restore confidence in the US banking system. Shares of US banks, particularly regional banks, dropped in early trading Monday. JPMorgan Chase was down 2% and Citigroup fell by 3.4%. Regional lenders notched some of the largest drops in the market. First Republic Bank was down more than 65%, Western Alliance Bancorp sank 73% and Pa

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